Police arrest man for laundering tens of millions of euros via cryptocurrency

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Euros via cryptocurrency – The police arrested a man from Veenendaal last week on suspicion of laundering criminal money via cryptocurrency. It concerns an amount of tens of millions of euros, reports the police Tuesday.

The suspect was arrested in the night of Monday 5 to Tuesday 6 September. He would have converted stolen bitcoins into digital coins that are more difficult to follow.

Police arrest man for laundering tens of millions of euros via cryptocurrency

The bitcoins would have been captured by a malicious software update at Electrum, a kind of digital wallet. The profit that the man would have made, the police in the form of cryptocurrency confiscated.

The man was released on Thursday, but remains a suspect. During the search of his home in the Utrecht town, several data carriers were seized.

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